ALV ENERGY
No upfront costs, fixed lease payments and free electricity!
A long-term lease for a solar system is a contractual agreement between a solar energy provider and a customer, allowing the customer to utilize a solar energy system on their property without the upfront costs associated with purchasing the system outright.
In this arrangement, the solar provider installs, owns, and maintains the solar panels and related equipment on the customer’s premises.
KEY FEATURES
No Upfront Costs
A long-term solar lease involves no significant upfront costs, making it an accessible option for those without the capital for a cash purchase.
Fixed Lease Payments
Instead of upfront payment, lessees make regular fixed payments over the lease term, simplifying budgeting and financial planning.
Maintenance Responsibility
The solar provider retains ownership and is responsible for maintenance, relieving the lessee from operational and upkeep responsibilities.
Extended Duration
Typically spanning 10 to 25 years, long-term leases offer a prolonged commitment to solar energy with stable, predictable costs.
End-of-Lease Options
At the lease end, lessees can choose to renew, purchase the system, upgrade, or have it removed, providing flexibility and options for the future.
BENEFITS
Zero Capital Outlay
Cheaper power bills
Don’t pay for repairs and maintenance
No Operating Risk
Claim 125% of capex costs with the Section12B tax incentive
